Vishal Mega Mart Q4 results: Profit rises 46% YoY to ₹168 crore; here’s why shares lost 4.4% intraday

NSE filings showed that Vishal Mega Mart’s net profits rose by nearly 46% to ₹168 crore in the fourth quarter of the financial year ended 2025-26, compared with ₹115 crore in the same period a year ago.

The company’s revenue from core operations advanced 22% to ₹3,114 crore, compared year-on-year with ₹2,547 crore in the same period a year earlier.

After the earnings release, Vishal Mega Mart shares dropped 4.4% to their intraday low of ₹114.24 on Thursday’s market, compared to ₹119.50 at the previous market close, according to NSE data.

As of 2:00 pm, the shares of Vishal Mega Mart were trading 2.5% lower at ₹116.46 on May 14, compared to the previous market close levels.

Factors behind share price fall

Vishal Mega Mart shares dropped after the earnings release as the January to March quarter results failed to uplift the sentiment among the stock market investors, with falling profit margins and a drop in financial performance on a sequential basis.

Although the net profits rose on a year-on-year basis, the net profit after tax dropped 46% sequentially from its ₹313 crore levels in the third quarter of the financial year ended 2025-26.

On the revenue front, the company recorded a 15% sequential decline to its fourth quarter levels, when compared with ₹3,670 crore in the third quarter of the fiscal year.

Vishal Mega Mart’s earnings per share (EPS) rose to ₹0.36 apiece in the March quarter, compared to ₹0.25 in the same period a year ago, as per the consolidated financial statements.

The statements also showed that the company’s earnings before interest, taxes, depreciation and amortisation (EBITDA) margin expanded by 60 basis points to 5.6% in the fourth quarter, compared with 5% in the same period a year ago.

While the EBITDA increased marginally, the gross net profit margin showed a 50 basis point drop to 27.8% in the March quarter, compared year-on-year with 28.3% in the same quarter of the previous fiscal year.

“Our expansion strategy remained firmly on track with gross new store openings of 25 during the quarter and 105 during the full year, further strengthening our network and market presence,” said Gunender Kapur, the MD and CEO of Vishal Mega Mart, in the official statement.

Looking forward, Kapur also said that the company aims to offer opportunities across offline and digital commerce segments as the firm focuses on its network and fundamentals in the sector.

Vishal Mega Mart share price

Vishal Mega Mart shares have lost over 11% in the past one year, and over 15% so far in the year 2026, on a year-to-date basis, according to NSE data. Although the company’s stock has been nearly flat over the past one month, the stock was down 8.7% in the last five market sessions.

Shares of the retail supermarket surged to their 52-week high of ₹157.60 on August 26, 2025, while the 52-week low level was at ₹98.77 on March 23, 2026, as per the exchange data.

The company’s market capitalisation (M-Cap) was at ₹55,055 crore as of the trading session on Thursday, May 14.